Pabio is a consumer and interior design startup that offers personalized interior design services with high-quality rental furniture for customers across Europe. Through its innovative rent-to-own business model, qualified customers can obtain USD 20,000 worth of new furniture curated by professional interior designers with no upfront payment, instead paying monthly subscription fees for up to four years.
Pabio's asset-light approach involves a user-friendly digital experience powered by a web app. Customers go through a virtual onboarding process to share their design preferences, after which Pabio generates photorealistic 3D renders of fully furnished apartment interiors tailored to the user's floor plan and taste. Once the design proposal is approved, Pabio furnishes the customer's apartment accordingly. Upon moving out, the company takes back the rented furniture, renovates it, and repeats the cycle with new customers.
As of August 2021, Pabio's monthly recurring revenue (MRR) from furniture rental payments was growing at an impressive 100% month-over-month rate since its launch in March 2021. The company has successfully furnished over 60 apartments in Switzerland as of 2022 and aims to expand its services to Germany and England by late 2022 or early 2023.
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